IREDA shares hit a record high; An analyst sees upside to levels of ₹270
Mon, Jul 8, 2024 3:38 PM

IREDA shares hit a record high; An analyst sees upside to levels of ₹270

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Indian Renewable Energy Development Agency Ltd. (IREDA) shares surged 9% to a record high of ₹248.85, extending gains for the third straight day, with a year-to-date gain of over 135%. The stock has broken past the ₹222 level and is expected to reach ₹265-270 in 1-3 months. A block deal worth ₹100 crore took place, with the stock entering the overbought zone.

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